About your Search

20121112
20121120
Search Results 0 to 1 of about 2
that businesses are looking for right now. keeping this country at the forefront of research, technology, and clean energy, putting people back to work rebuilding roads, bridges and schools and reducing our deficit in a balanced and responsible way. on this last item, we face a very clear deadline. that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. to meet with labor and civic leaders for their input. today i meet with c.e.o.'s of some of america's largest companies. and i'll meet with leaders of both party of congress before the week is out because there's only one way to solve the channels and that is to do it together. as i've said before, i'm open to compromise and i'm hope to new ideas. and i've been encouraged over the last week to hear republican after republican agree on the need for more revenue from the wealthiest americans as part of our arithmetic if we're serious about reducing the
technology boom, the creation of private credit, and rapid increase in tax revenues. stephanie showed us something that was not a forecast at the time. those who were there in 2000 remember that the secretary of the treasury at the time and the chairman of the federal reserve were talking about a 13-year horizon for the complete elimination of the public debt. there was no forecast that the technology boom would come to an end, but it did. from 2000 onward, we were back into a more normal position of the government running substantial deficits as the private sector rebuild its financial position. that is the first point. long-term forecasts, the idea that one can control the future position of the debt and deficit by actions taken today, is an extremely tenuous and debatable idea. the second point is that there are certain assumptions being made which create extremely scary scenarios. those numbers that were shown -- in stephanie's presentation, the expectation that public debt would rise close to 200% of gdp by 2005. what is that based on? two important assumptions drive these projectio
Search Results 0 to 1 of about 2